What's your opinion on Digital Currency?

blog cover image
11
19
890 followers

At first I thought this would be a good thing, after all we love our debit cards. They are convenient. Who needs cash?

We all do. Cold hard cash in your hand will always be the best option.

We are already being spied on with our 5G devices. Like our phones, Alexa and siri. It's nobody business how much money I have or how I spend it.

We need to wake up and stand for the freedoms we have and enjoy. There was to much blood shed from the beginning of America to now for these freedoms. There are more of us than the few people who are trying to take over our very lives. Wake up America!

11
19

Join FREE & Launch Your Business!

Exclusive Bonus - Offer Ends at Midnight Today

00

Hours

:

00

Minutes

:

00

Seconds

2,000 AI Credits Worth $10 USD

Build a Logo + Website That Attracts Customers

400 Credits

Discover Hot Niches with AI Market Research

100 Credits

Create SEO Content That Ranks & Converts

800 Credits

Find Affiliate Offers Up to $500/Sale

10 Credits

Access a Community of 2.9M+ Members

By continuing, you agree to our Terms of Service and Privacy Policy
No credit card required

Recent Comments

19

Hmmm.. a shame people don't like to know the reality of cryptocurrency. I hope you know that this isn't personal. My only intention here is to educate and not hurt anyone's feelings, but I know what I'm talking about. I've been investing since I was 16, and I don't want anyone to get hurt by getting hooked by the hype and lose their life savings to a Ponzi scheme.

With that, I humbly ask you to read what I wrote and at least think twice before getting involved in the crypto space. It's not what most people claim it to be. This is not "FUD," but rather a historical reality that can be proven. To start, look up the term "sunk cost fallacy." That perfectly describes what's driving crypto in its current state and why most people lose their life savings while encouraging friends and family to do the same.

2

Amen, Kathie, you are so right, and it is getting worse by the day.

Chet

2

There are so many cryptocurrencies at the moment and at the last count over 12,000.

Since they aren't regulated then in theory anybody can create a coin.

When you look at the history of crypto and who was responsible, nobody has a clue and don't you think that is strange?

I personally believe that the Federal Reserve (which is a private bank and not government controlled) is responsible and when you think about it in more detail then it does make sense.

A very good way to hide wealth and move it around with absolutely no control.

The mega-rich is just getting richer since they are controlling what happens with crypto.

I see and know people who have dabbled and done absolutely nothing and I tell them to put their money on black or red at the casino.

I think it is here to stay but something to stay away from.

Mick


1

We do know where the concept of cryptocurrency came from. It was a group known as the "cypherpunks." They experimented with a number of cryptocurrency concepts until bitcoin took center stage. While we don't know who's behind the Satoshi Nakamoto pseudonym who authored Bitcoin's whitepaper, it doesn't matter because we do know that it was a community of people who each worked on the blockchain technology until bitcoin became what it is today. In reality, we are all responsible for the creation of bitcoin. This includes the banks that engineered the 2008 financial crisis, which led to the need for a transparent currency that can't be controlled by a single entity. Bitcoin.

Alas, all crypto is still centralized in some capacity. It still needs a way to touch the real world, and fiat is still the primary engine that drives it. Fiat is still what people use to measure the value of crypto, some use gold and other commodities, but they all suffer from the same problem: people invest in crypto not to use it as a currency but to hold (HODL) as a security, betting it will become more valuable. Why? To have more fiat currency.

For crypto to succeed, it needs to actually be used as currency and the vast majority of it is not.

1

Since the FED control the banking system through their World banks then they have to be the most obvious for bringing crypto in.

1

That could be the case, but we'll never know for a fact. The Fed certainly has a motive and a controlling interest in it; it would be insane for them not to. Otherwise, Bitcoin would be an existential threat to their glorified printing press.

At any rate, all I know is what I see, and it isn't good. Crypto is claiming to be something it's not likely to be and never will be at this point. NFTs are the next hype train, and most people don't even know that NONE of those images are even hosted on the blockchain.. What people think they're paying for is a copyright to an image. The reality is that it's just a link they paid thousands, even millions of dollars to own and it can be changed.

1

Cryptocurrency is interesting as a concept, but in practice, most are Ponzi schemes with no practical utility. Without regulations, people will continue to lose their money, lives, and livelihoods until they either learn the responsibility of investing, the importance of self-custody (stop leaving your money on exchanges!) or discipline themselves to only invest what they can afford to lose.

I've invested in nearly every asset class available since I was 16. When it comes to cryptocurrencies, most people believe the hype, get addicted, fool themselves into thinking they know more about it than they do, and finally lose it all. This cycle will continue for a long time, and I hope the fake youtube gurus who are making a living off the ignorance of their subscribers are held accountable for the lives they ruin and are ruining now.

Most jurisdictions have laws against promoting financial products without a license. YouTube and Social media platforms haven't been legally compelled to stop allowing promoters to promote their nonsense on their platforms yet. I hope they will be soon, and the bloggers promoting unregulated securities like Crypto will be required to have some kind of credentials before being allowed to promote and profit from crypto.

As harsh as that sounds, I've had friends and family members lose everything to the cryptocurrency mania. One committed s****** after gambling their life savings on crypto after I repeatedly and strongly advised against it. This is not an uncommon story. White-collar crime is not a joke and can ruin lives in ways most people don't realize until it's too late.

1

To be clear, I'm not a government stooge, and I do invest in a few Defi projects. Despite my dislike of the vast majority of crypto, it is an exciting industry. I invest in cryptocurrency because there are some great projects out there. However, people need to stop seeing cryptocurrency as the answer to protecting themselves from government control. Crypto has a LONG way to go before it becomes a viable currency, whether government-regulated or otherwise. A sunk cost fallacy often drives the hype around it; it's not about resisting government control; that's just a sales talking point to increase its appeal.

Most people get involved because they hear how it made millionaires and billionaires overnight. This doesn't actually matter because the volatility makes the opposite true as well. More importantly, good luck finding a bank that will let you convert all of that money into fiat currency.. at market value haha.

This is an unpopular opinion, but I'm not sorry. I do know what I'm talking about and more than happy to debate it. I've been investing for a long time and involved in crypto long before it was popular. I just want to keep everyone's feet firmly on the ground with the reality of this space.

1

Agree with you. Creating a central digital bank is all about controlling the masses.
Use cash often, don't give their new world order, they have been working towards since the 50's or before, a chance to take us over.
Freedom is a right. I am tired of the constant fear narratives govts and the media put out to keep people off balance.

4

The end goal is to implant everyone...Total control and has been happening for a long time, especially in the US.

The supposed "Covid" manmade was an exercise to see how easy it would be to control the world and it worked with lockdowns.

2

Too many people realised COVID was a con after a time.
Once it was discovered the prime minister had parties, there was no chance of any lockdown happening after that here.
We refused vaccine passports etc. Many refused to be tracked c by the govt on their covid app.
Once people wake up to reality, the fear narratives etc lose their power. Once people stop watching television more will wake up, they don’t realise they are called “programmes” for a reason.

1

See more comments

Join FREE & Launch Your Business!

Exclusive Bonus - Offer Ends at Midnight Today

00

Hours

:

00

Minutes

:

00

Seconds

2,000 AI Credits Worth $10 USD

Build a Logo + Website That Attracts Customers

400 Credits

Discover Hot Niches with AI Market Research

100 Credits

Create SEO Content That Ranks & Converts

800 Credits

Find Affiliate Offers Up to $500/Sale

10 Credits

Access a Community of 2.9M+ Members

By continuing, you agree to our Terms of Service and Privacy Policy
No credit card required

2.9M+

Members

190+

Countries Served

20+

Years Online

50K+

Success Stories

The world's most successful affiliate marketing training platform. Join 2.9M+ entrepreneurs building their online business with expert training, tools, and support.

© 2005-2025 Wealthy Affiliate
All rights reserved worldwide.

🔒 Trusted by Millions Worldwide

Since 2005, Wealthy Affiliate has been the go-to platform for entrepreneurs looking to build successful online businesses. With industry-leading security, 99.9% uptime, and a proven track record of success, you're in safe hands.